Every mutual fund order placed on Thndr moves through a series of stages, reflected as status updates in the app. Because mutual funds use a batch-based execution model rather than instant trading, understanding these statuses helps you track your money and know exactly when your order becomes final.
This article helps you:
Understand order statuses and lifecycle flow
Know when your units or cash will appear in your wallet balance
Know when you can still cancel and order
The Lifecycle of a Mutual Fund Trade
Mutual fund orders move through three clear stages:
Submission (Pending):
Your order is created and queued, waiting for the fund’s specific cutoff time.
You can still cancel the order during this stage.
Processing
The cutoff time has passed. Your order is bundled with others and sent to the asset manager. The order is now locked and cannot be cancelled or modified.
Completion (Completed):
The asset manager executes the order and your portfolio has been updated.
Where Can I see My Order Status?
On the Orders page in the Thndr app you can track your mutual fund investment as it moves from submission to completion.
You can track your order status directly in the app:
Go to Home
Next to My Investments, tap Orders
You'll see all your orders and their current status
Order Statuses Explained
Status | What it means | Can you cancel |
Pending | Your order is queued and actively waiting for the next cutoff time. | Yes |
Processing | The cutoff time has passed and your order has been sent to the asset manager for execution. It is now locked. | No |
Completed | The order has been successfully executed. Your portfolio or wallet is updated accordingly. | No |
Cancelled | Order has been manually cancelled before cutoff while it was still Pending. Any funds on hold are immediately released back to your available balance. | No |
[insert visual: simple flowchart showing Pending to Processing to Completed]
FAQs
Why is my mutual fund order still pending?
Mutual fund orders are not executed instantly. Instead, they are processed based on the fund’s schedule, which can cause your order to remain in Pending for some time.
Here are the most common reasons:
You missed the cutoff time
Orders placed after the daily cutoff are moved to the next processing batch.It’s not a processing day
Mutual funds only process orders on specific subscription or redemption days. Orders placed outside these days are queued.The fund follows a delayed execution cycle
Some funds execute orders on the same day, while others execute on the next working day after batching.
This is expected behavior. Your order will move forward once it reaches the next available processing window based on the fund’s schedule. Learn more about the fund schedule by navigating to the fund landing page.
Do mutual fund orders execute on weekends or holidays?
Mutual fund orders are processed on subscription and redemption days only based on the fund’s schedule. If an order is placed on a weekend or public holiday, it remains queued and is picked up in the next available processing batch.
Can I cancel a mutual fund order?
Mutual fund orders can only be cancelled if Pending. For step by step guidance on how to cancel an order see How to Subscribe (Buy) and Redeem (Sell) Mutual Funds on Thndr.
Why did my mutual fund order execute at a different price than expected?
Mutual funds use Forward Pricing, meaning they are only priced once per day after the market closes.